November 2011 Miscellaneous Real Estate Fundamentals

Ally

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Mar 24, 2009
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#2
Secrets of the Canadian Real Estate Cycle with Don R. Campbell




We recently sat down with Don Campbell, president of the Real Estate Investment Network (REIN), to discuss his new book Secrets of the Canadian Real Estate Cycle and get his expert take on the market today. The Canadian real estate market appears to be outperforming markets elsewhere in the world, with some major cities even experiencing double digit growth while others move at a slower pace. Is this a boom that`s about to bust, or is this growth supported by the right fundamentals? Don was more than happy to answer this and our other real estate questions.




1. Let`s jump right into it. Housing prices in Canada continue to rise in major markets while elsewhere, especially in the US, real estate has suffered. Why is this?




Real estate is impacted by both Market Drivers ` jobs, GDP, etc. ` and Market Influencers. In Canada, Market Influencers such as the long-term low interest rate environment and foreign offshore money have supported the growth we`ve seen. I`ve spoken to many economists around the world and they`re saying Canada is a safe haven compared to other markets.






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Ally

Research Assistant
Registered
Mar 24, 2009
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#3
Read your mortgage contract, the details could cost you





You just made the largest purchase of your life based on borrowing more than you ever have before. Are you really going to bother reading that 25-page contract with all the rules on your mortgage?







The answer is usually no. The truth is you should.







The ambiguity in mortgage contracts has landed more than one consumer in trouble they didn`t anticipate and now it has spawned a class action lawsuit against one of Canada`s largest banks.





Read the full article here.
 

Ally

Research Assistant
Registered
Mar 24, 2009
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48
Langley
#4
2021: The New Europe




Welcome to Europe, 2021. Ten years have elapsed since the great crisis of 2010-11, which claimed the scalps of no fewer than 10 governments, including Spain and France. Some things have stayed the same, but a lot has changed.




The euro is still circulating, though banknotes are now seldom seen. (Indeed, the ease of electronic payments now makes some people wonder why creating a single European currency ever seemed worth the effort.) But Brussels has been abandoned as Europe's political headquarters. Vienna has been a great success.

here.
 

Ally

Research Assistant
Registered
Mar 24, 2009
16,745
70
48
Langley
#5
5 reasons to choose a variable-rate mortgage




TORONTO One of the big decisions homeowners face is whether to choose a fixed- or variable-rate mortgage. Now may be the time to go variable.




A fixed-rate mortgage locks in an interest rate and the payment stays constant over the term. For new homeowners taking on a huge debt, this may help them sleep at night. You pay more, but you know exactly what the payment will be for your entire mortgage term.




With a variable-rate mortgage, the payment can fluctuate as interest rates rise or fall. For this reason, you usually get a better rate ` to reflect the uncertainty and increased risk.





Read the full article here.